Barclays maintains an 'Overweight' on UPS (UPS); Will Q1 Deliver? It Should, But TNT on Forefront
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Price: $104.50 -0.99%
Rating Summary:
18 Buy, 21 Hold, 3 Sell
Rating Trend:
Up
Today's Overall Ratings:
Up: 13 | Down: 14 | New: 11
Rating Summary:
18 Buy, 21 Hold, 3 Sell
Rating Trend:
Up
Today's Overall Ratings:
Up: 13 | Down: 14 | New: 11
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Barclays maintains an 'Overweight' on UPS (NYSE: UPS) price target of $94.00.
Analyst, Brandon R. Oglenski, said, "UPS should report solid 1Q results later this week aided by stable domestic conditions and pricing gains. International package markets remained subdued during the quarter, but we expect trends could turn positive as comps begin to lap softer periods from 2011 and inventories remain constructive. However, results will likely be overshadowed by questions surrounding the proposed TNT deal, and the potential impact on shareholder distributions."
Olgenski cautions that investors may have a short fuse on this stock and that commentary during the conference call could be taken negatively, especially if UPS (temporarily) cuts its dividend (to loosen up cash for TNT acquisition)
Barclays lowers FY12 EPS estimate from $4.95 to $4.92 and FY13 from $5.75 to $5.70.
For an analyst ratings summary and ratings history on UPS click here. For more ratings news on UPS click here.
Shares of UPS closed at $79.03 yesterday.
Analyst, Brandon R. Oglenski, said, "UPS should report solid 1Q results later this week aided by stable domestic conditions and pricing gains. International package markets remained subdued during the quarter, but we expect trends could turn positive as comps begin to lap softer periods from 2011 and inventories remain constructive. However, results will likely be overshadowed by questions surrounding the proposed TNT deal, and the potential impact on shareholder distributions."
Olgenski cautions that investors may have a short fuse on this stock and that commentary during the conference call could be taken negatively, especially if UPS (temporarily) cuts its dividend (to loosen up cash for TNT acquisition)
Barclays lowers FY12 EPS estimate from $4.95 to $4.92 and FY13 from $5.75 to $5.70.
For an analyst ratings summary and ratings history on UPS click here. For more ratings news on UPS click here.
Shares of UPS closed at $79.03 yesterday.
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